WILEY

CPA
Examination Review Practice Software 12.0

USERS GUIDE
O. Ray Whittington, CPA, PhD
Patrick R. Delaney, CPA, PhD

Wiley Accounting SoftwareSolutions at Your Command

JOHN WILEY & SONS, INC.

Material from Uniform CPA Examination Questions and Unofficial Answers, 1977 through 20006 copyright by American Institute of Certified Public Accountants, Inc. is reprinted (or adapted) with permission. Material from the Certified Internal Auditor Examination, Copyright 1994 through 1997 by the Institute of Internal Auditors, Inc. are reprinted and/or adapted by permissions. Material from the Certified Management Accountant Examinations, Copyright 1993 through 1997 by the Institute of Certified Management Accountants are reprinted and/or adapted by permission.
SYSTEM REQUIREMENTS:

PC with a Pentium 133 MHz or higher microprocessor Windows 2000/XP 32 MB RAM for Windows 2000; 64 MB RAM for Windows XP CD-ROM drive Available Hard Disk Space 70 MB for Windows 2000/NT 4.0/XP users Copyright 2007 by John Wiley & Sons, Inc. All rights reserved. Designations used by companies to distinguish their products are often claimed as trademarks. In all instances where John Wiley & Sons, Inc. is aware of a claim, the product names appear in initial capital or all capital letters. Readers, however, should contact the appropriate companies for more complete information regarding trademarks and registration. Published by John Wiley & Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate percopy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8400, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at http:/www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the US at 800-762-2974, outside the US at 317-572-3993 or fax 317-572-4002. ISBN 978-0471-79872-X (Complete Exam, CD-ROM) ISBN 978-0471-79777-4 (Audit & Attest., CD-ROM) ISBN 978-0471-79782-0 (BEC, CD-ROM) ISBN 978-0471-79786-3 (FAR, CD-ROM) ISBN 978-0471-79792-8 (Regulation, CD-ROM)

THE PURCHASER MAY MAKE BACKUP COPIES FOR HIS/HER OWN USE ONLY AND NOT FOR DISTRIBUTION OR RESALE. THE PUBLISHER ASSUMES NO RESPONSIBILITY FOR ERRORS, OMISSIONS, OR DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES CAUSED BY THE USE OF THESE FORMS OR FROM THE USE OF THE INFORMATION CONTAINED THEREIN.

Printed in the United States of America 10 9 8 7 6 5 4 3 2 1

Notes to CPA Candidates

THE EXAMINATION The Uniform CPA Examination is delivered in a computer-based format. The final paper-based version of the CPA exam was given in November 2003. You may take the exam one section at a time. As a result, your studies can be focused on that one section, improving your chances for success. In addition, the exam is no longer offered twice a year. During eight months of every year, you may take the exam on your schedule, six days a week and in the morning or in the afternoon. Beginning May 1996, the Uniform CPA Examination became nondisclosed. For each exam section, candidates are required to sign a Statement of Confidentiality, which states that they will not divulge the nature and content of any exam question. Additionally, the AICPA has issued an Interpretation of Rule 501, Acts Discreditable to the Profession, which likewise forbids AICPA members from soliciting or disclosing information concerning the nature or content of specific exam questions or answers. Good luck on the exam. Auditing Modules 1, 2, and 3 Contrary to its stated examination policy, the AICPA recently indicated that it will not be able to update the Auditing and Attestation section to cover the new risk assessment auditing standards until July 2007. Based on this decision, you will find two sets of the Auditing Modules 1, 2, and 3. One set is based on the new changes that will be tested in July 2007. The other set is for the Auditing and Attestation section before July 2007 (the old auditing standards).

CONTENTS
CHAPTER 1 GETTING TO KNOW WILEY CPA EXAMINATION REVIEW 12.0 FOR WINDOWS SPECIAL FEATURES INSTALLING WILEY CPA EXAMINATION REVIEW 12.0

Single User Installation Instructions Network Installation Instructions Wiley CPA Examination Review 12.0 Uninstall Utility STARTING THE WILEY CPA EXAMINATION REVIEW 12.0 IN WINDOWS
CHAPTER 2 GETTING STARTED GENERAL INFORMATION

1 1 1 1 2 2 2 3 3 3 3 3 3 3 4 4 4 5 5 5 6 6 6 6 6 7 8 8 10 10 10 10 11 11 11 11 12 13 13 14 14 14 14 15 15 15 15 15 15 16 16 16 16

Moving Around with the Mouse Moving Around with the Keyboard
EXAM SELECTION SCREEN

Topics Available Mode Selection Saving and Using your Answers

EXAM SELECTION SCREEN MENU BAR

File Menu View Menu Mode Check Boxes Help Menu

CHAPTER 3 TAKING AN EXAM (EXAM MODE) EXAM MODEMULTIPLE-CHOICE QUESTIONS

Multiple-choice Exam Toolbar Multiple-choice Questions Multiple-choice Exam Navigation Bar EXAM MODESIMULATION QUESTIONS Simulation Toolbar Simulation Questions
CHAPTER

STUDYING FOR AN EXAM (STUDY MODE)

QUESTION SELECTION SCREEN

Available Question Window Buttons STUDY MODEMULTIPLE-CHOICE QUESTIONS Multiple-choice Study Menu File Menu View Menu Bookmark Menu Multiple-choice Study Toolbar STUDY MODESIMULATION QUESTIONS
CHAPTER

REPORTING

REPORTING TOOLBAR REPORTS

Exam Results Progress Results by Modules Incorrect Questions View Incorrect Selection Answers View Incorrect Text Answers View Essay Answer #
CHAPTER

GENERAL INFORMATION

KEYBOARD SHORTCUTS CUSTOMER SUPPORT TECHNICAL SUPPORT

Chapter 1 Getting to Know Wiley CPA Examination Review 12.0 for Windows
Special Features
The Wiley CPA Examination Review 12.0 for Windows conforms to exam specifications effective April 2004, contains all current AICPA content requirements in each subject, and covers all question forms and formats, including simulations. The over 2,900 multiple-choice questions are linked to text specific material in the CPA Examination Review textbooks and organized in the same 45 manageable study modules. The TextLink information provides you with complete coverage and explanation of the topics. This feature can be accessed by pressing F3 from the multiple-choice screen in Study Mode. In Study Mode you can structure and monitor your study time based on your own objectives. The Exam Mode simulates actual exam conditions. Customizable question selections let you concentrate on specific exam sections, question types, and question status (not seen before, answered incorrectly, and so forth). Explanations of answers reinforce your understanding of correct answers and show you why incorrect answers fall short. Diagnostic feedback on user performance helps you focus on areas where you need the most work. Printing options let you keep studying when you cant be near your computer.

Installing Wiley CPA Examination Review 12.0

System Requirements PC with a Pentium 233 MHz or higher microprocessor Windows 2000/XP 32 MB RAM for Windows 2000; 64 MB RAM for Windows XP CD-ROM drive 70 MB of available hard disk space

SINGLE USER INSTALLATION INSTRUCTIONS

To run the SETUP procedure, please do the following: CD-ROM Installation 1. 2. 3. 4. 5. Place CD-ROM into the CD-ROM drive. From the Start menu, select RUN. Type: D:\SETUP (where D is the letter of your CD-ROM drive) Press Enter. The installation process will begin.

The installation procedure consists of a series of questions and answers. You may cancel the operation at any time by clicking on the Cancel button. The installation process is completely menu driven, with occasional prompts for the names of directories and disk changes. Simply follow the prompts on the screen. The SETUP program will search your hard drive for existing versions of the Wiley CPA Examination Review 12.0. If this is the first time you have installed the Wiley CPA Examination Review 12.0 on your machine, a full installation will be initiated. If the program finds an existing version, you will be prompted to overwrite (if an update) or you will be given the option of selecting a new directory in which to install this program. Otherwise, the program will prompt you with a default directory, which you can change if you wish. The installation process will now copy the Wiley CPA Examination Review 12.0 program from CDROM to the designated directory with the selected installation mode. You are now ready to begin. We hope you enjoy studying with the Wiley CPA Examination Review 12.0.

Getting to Know Wiley CPA Examination Review

NETWORK INSTALLATION INSTRUCTIONS

Please call customer support for pricing and network licensing. To install the Network Version of Wiley CPA Examination Review 12.0, select Network Install when asked the type of install to conduct. This will install the full application to the network drive you selected and can take up to thirty minutes to perform. In addition to this, the file Workstation Setup.Exe will be loaded onto the network. To install the application on the workstation, run this setup. The Workstation Setup.Exe will install the needed files for the individual user to run the application. Setting up Individual Workstations 1. 2. 3. 4. 5. Place CD-ROM into the CD-ROM drive. From the Start menu, select RUN. Type: F:\Workstation SETUP (where F:\ is the path and location of the network install. Press Enter. The installation process will begin.

WILEY CPA EXAMINATION REVIEW UNINSTALL UTILITY (UNWISE.EXE)

The Uninstall utility will automatically be installed when you complete the Wiley CPA Examination Review 12.0 installation. If you have installed Wiley CPA Examination Review 12.0 into a directory on your hard drive called C:\Program Files\Wiley\CPAEXAM, then the Uninstall utility will be located there. Steps for running the Uninstall utility 1. 2. 3. Locate the directory in which Wiley CPA Examination Review 12.0 was installed. Go to this directory in Explorer, and double-click on the UNWISE.EXE file located there. This executable is located in the same directory as WILEYCPA.EXE. The Uninstall will display a Welcome...message, asking you if you want to continue or not. Click Yes to continue, No to cancel the Uninstall. If the Uninstall cannot find the key Wiley CPA Examination Review 12.0 files (such as WILEYCPA.EXE), it will display a message telling you that it could not do so, and ask you if you want to continue or not. You may get this message if you started an Uninstall previously, and it did not complete successfully. Click Yes to continue, or No to cancel the Uninstall. When you click Yes, the Uninstall will automatically begin deleting files from the Wiley directory. It will delete all of the standard program files (*.EXE, *DLL, etc.) without prompting for confirmation. If the Uninstall comes across user-created files (such as the Answer *.ANS files), it will prompt you whether or not to delete them. Whenever it prompts you to delete a file, it will give you five different options: Yes Yes to All No No to All Cancel 6. 7. Deletes this file and only this file. Deletes this file, and all (remaining) files with this same extension. Does not delete this file. Does not delete this file or any other (remaining) files with this extension. Cancels (aborts) the Uninstall.

4. 5.

After you have been prompted to delete the user-created files, the Uninstall will attempt to remove remaining subdirectories, as well as Windows program groups and icons referring to Wiley CPA Examination Review 12.0. Based on whether or not Setup was able to remove all of the files pertaining to Wiley CPA Examination Review 12.0, it will display one of two messages: a. b. Wiley CPA Examination Review 12.0 has been successfully removed from your hard drive. Wiley CPA Examination Review 12.0s Uninstall Utility successfully removed all program files but left some files behind as instructed.

Starting the Wiley CPA Examination Review 12.0 for Windows

Upon completion of the installation process, the Wiley CPA Examination Review 12.0 program will be added to your Start Menu and Desktop. Select Wiley from the Start Menu or double-click the desktop icon to access the Wiley CPA 12.0.

Chapter 2 Getting Started

General Information
MOVING AROUND WITH THE MOUSE
There are three different types of selectors in the Wiley CPA Examination Review 12.0 program: Menus, Menu Options, and Buttons. Each is selected differently. To select a Menu from a menu bar (e.g., File Menu) move the mouse so that the pointer is positioned on the desired menu and click the left button on the mouse. This will pull down the menu and display the menu options. To select a Menu Option (e.g., Print from the File Menu) move the mouse so that the pointer is positioned on the desired option and click the left button on the mouse to execute. To select a Button, move the mouse pointer to the desired button and click the left button on the mouse. This will select and execute the button. To position the cursor in an Entry or Edit field, move the mouse so that the pointer is on the desired field and click the left mouse button. The cursor will position itself in the entry field and you may begin typing.

MOVING AROUND WITH THE KEYBOARD

There are four different types of selectors in the Wiley CPA Exam program: Menus, Menu Options, Hot Keys, and Buttons. Each is selected differently. There are two ways to select a Menu from the Menu Bar (e.g., File Menu): 1. or 2. Press the ALT key and use the left and right arrow keys to highlight the appropriate menu command (i.e., File, Edit, View, Search, Help) and Enter to display the Menu Options. One way is to press ALT and the underscored letter of the command name (i.e., ALT and F for the File Menu). This will pull down the Menu and display the Menu Options.

To select a Menu Option (e.g., Print from the File Menu), use the arrow keys to highlight the desired option and Enter to execute. The Spacebar may also be used to execute a selected option. Tip: Type the underscored letter of the option to execute that option. To activate a Hot Key, press Ctrl and the letter indicated (e.g., Ctrl and S for Save As). Or use the Tab key to highlight the desired button and Enter to execute. Tip: Press the Ctrl key and the letter S simultaneously to execute Save As.

Exam Selection Screen

The Exam Selection Screen allows you to select a section for study and determine whether you will study that section in Study Mode or take a simulated exam in Exam Mode. The following information explains in detail how to use this screen.

TOPICS AVAILABLE
The four sections listed below are available for use in this study program. The first section listed in the Select an Exam Section window of the Exam Selection Screen is the default section and will be highlighted each time you open the product. If you wish to select another available section, either click on or highlight the applicable section. Auditing and Attestation Regulation Financial Accounting and Reporting Business Environment and Concepts

MODE SELECTION
The Wiley CPA Exam is a study tool that can be run in either Exam or Study Mode.

Getting Started

Exam Mode
The Exam Mode walks you through a sample examination applicable to the section selected. It simulates actual exam conditions, complete with a timer/clock that shows your time remaining for completing the exam. When you select Exam Mode you will be given an exam of randomly selected questions from all of the questions available for the chosen section. The number of questions you will view depends on the section selected.

Study Mode
The Study Mode is designed to provide you with the tools to zero in on areas that need work and select question types based on your criteria. In the Exam Selection Screen, click on Study Mode to begin studying. In either mode, the Answer File Selection box will appear when the button is selected. The Answer File Selection box allows you to use a previous answer file or begin study with a new answer file. If Exam Mode is selected, the next screen will be the first question of the exam. If Study Mode is selected, the next screen will be the Question Selection Screen.

SAVING AND USING YOUR ANSWERS

The Wiley CPA Examination Review will save the results of each study and exam session. Upon opening a session, you will be prompted to choose the name of an answer file. The first time in, choose New Answer File and name the file appropriately (up to twenty-five characters). It may be useful to distinguish between study and exam mode answer files in the file name. Each subsequent time you run the program you can then choose from new or existing answer files. To allow for the use of the Automatic Question Selection Criteria, you should try to save each session to the same file. We allow the use of multiple answer files to give you flexibility and allow you to tailor your study sessions. You may, for example, want to save each title that you study to a different answer file. You may also want to save study sessions and exam sessions to different answer files. You can then use the exam answer file during a study mode to select from all of the questions you answered incorrectly on the exam. If you select New Answer File, you will then go to the Question Selection Screen (for Study Mode) or the first question in your exam (Exam Mode). If you choose Existing Answer File, select an available answer file from the drop-down list. Select an answer file name and choose OK. You then have the option of starting where you left off in the old session or starting a new session. If you elect to resume, you will be taken to the last question you were on in the old session. Otherwise, you will be taken to the first question in Exam Mode or the Question Selection Screen in Study Mode.

Exam Selection Screen Menu Bar

FILE MENU
Save As This option allows you to rename the current answer file and save it as a separate answer file. All previous study or exam sessions, including the most recent session, will be saved under both file names. Exit Exits Wiley CPA Examination Review to Windows. You will be prompted to confirm that you do want to leave the program.

VIEW MENU
Status Bar Toggles the status bar on and off. Study Mode Explanation The Wiley CPA Examination Review program defaults to display answer explanations automatically in study mode. Once an answer is selected, it can be changed, but the first answer is the answer logged for reporting purposes. You can change the default setting by toggling this option.

Getting Started

MODE CHECK BOXES

Exam Mode Select Exam Mode to run an Exam of randomly selected questions. Study Mode Select Study Mode to study specific sets of questions.

HELP MENU
Contents Choosing Contents will take you to the Help Table of Contents where you can choose a help topic. Search for Help on This help feature allows you to find help on key topics by entering the topic or scrolling through the list of available topics. Getting Started This help option will take you directly to the Getting Started section of Help. Technical Support Accessing this option will provide you with Technical Support information for the Wiley CPA Exam product. About Wiley CPA Exam The About Screen indicates the version of Wiley CPA Exam.

Chapter 3 Taking an Exam (Exam Mode)

The Exam Mode simulates actual exam conditions. The following are the number of questions and time limit for each section: Section Name Auditing and Attestation Regulation Financial Accounting and Reporting Business Environment and Concepts Time Limit 270 minutes 180 minutes 240 minutes 150 minutes Questions 90 multiple choice + 2 simulations 60 multiple choice + 2 simulations 60 multiple choice + 2 simulations 75 multiple choice

Exam ModeMultiple-Choice Questions

All exams start with multiple choice questions.

MULTIPLE-CHOICE EXAM TOOLBAR

At the top of this screen is the toolbar. Next to the John Wiley logo is the section name (in this case Auditing and Attestation) and below it, the current question and total number of questions in this exam. Next on the toolbar is the Time Remaining panel. This tracks how much time is left for taking the exam. The exam will not stop when time runs out but the Time Remaining will become negative (to indicate amount of extra time taken). On the right side of the toolbar are the following tools: Opens the Windows Calculator. Opens this help file. To quit this exam and go back to the initial selection screen, click this button. A message will pop up asking if you would like to save the current session. Click Yes to save and return to the initial screen. Click No to return to the initial screen without saving. Clicking Cancel to stay on the current screen. Click Exit to quit the exam software. A message will pop up asking if you would like to save the Answer File. Click Yes to save and exit. Click No to exit without saving. Clicking Cancel to stay on the current screen.

MULTIPLE-CHOICE QUESTIONS
The center section of the Exam screen contain the question and answer selections. Select the correct answer by clicking the radio button next to your choice.

MULTIPLE-CHOICE EXAM NAVIGATION BAR

The navigation bar at the bottom of the Exam screen enables movement between questions. Clicking the Enter key on the keyboard will also move to the next question. The Mark for Review button marks a question for later review. Clicking this button will cause the current question to be bolded and underlined in the question numbers to the right of the button. Once a question

Taking an Exam has been marked for review, the button caption will change to Unmark for Review. Clicking the button will then causing the current question number to return to its normal look. HINT: If you are unsure of the answer to a question, mark it for review and come back to it later if time remains. To the right of the Mark for Review button are the question numbers of all exam questions along with Next>> and <<Previous links. Clicking any number will show that question.

Clicking Next or hitting enter when the last multiple choice questions is reached will cause a message to pop up* which says: This is the last multiple choice question. Would you like to start the simulation?. Click Yes to complete the multiple choice section of the exam (you will not be able to return to the multiple choice questions). Click No to stay on the current screen. HINT: Do not click Yes unless you are ready to proceed to the simulations. You cannot come back to the multiple choice questions once you start a simulation. * Business Environment and Concepts section does not contain simulations. For this section, clicking Next or hitting the enter key on the last question will display the message This is the last question. Do you wish to view the results reports?. Clicking Yes will display the Reports menu. Click No to stay on the current screen (in order to review answers).

Exam ModeSimulation Questions

Once the multiple choice questions have been completed, the first simulation is displayed (except for the Business Environment and Concepts topic which does not contain simulations). The Simulation Question Screen is a combination of a number of different types of screens. Simulations typically begin with a Simulation Tab which provides the context for the simulation. Then there will be one or more tabs that include the requirements for the simulation. You may need to toggle back and forth between the Situation and the various requirement tabs to complete the simulation. This is done by simply clicking on the applicable tab. The windows are scrollable to allow you to view the entire situation or requirement. The requirements to simulations may be answered in a number of ways. Solutions may require selections from a drop-down list of possible answers, numeric and monetary inputs, check box responses, or written communications. On the CPA exam, there will be other possible answers because you will have use of a research database from which to cut-and-paste research results. In addition, you may be required to enter formulas into a spreadsheet. While you are able to move between the various requirements tabs within an individual simulation question, you are not allowed to move from one simulation question to a new simulation question. If you try to advance to a new question, a pop-up window will display confirming your actions. You will also be informed that if you try to move to a new question and return to a previous question, your answers will be lost. In Study Mode, if toggled on, the correct answer and reasoning will appear when all boxes for that particular requirement have been answered. To review the reasoning at a later time, just click on the text of the particular completed requirement. Click anywhere on the screen to close the Answer Explanation. When a number is required, enter a dollar sign if the amount is a dollar figure and also enter commas. For example: Enter $12,000 not 12000 NOTE: For the purposes of grading in Study Mode, when you leave a box for the first time for a particular subquestion, that answer is entered and saved as your official answer to that question. Even if you then change your answer, the first answer is what is kept. You may change your answer selection as many times as you want. The first answer is what will show on the Exam Reports.

Taking an Exam

SIMULATION TOOLBAR

At the top of this screen is the toolbar. Next to the John Wiley logo is the section name (in this case Auditing and Attestation). Below that is the category this question is part of. The third link contains the current question and total number of questions in this exam. Next on the toolbar is the Time Remaining panel. This tracks how much time is left for taking the exam. The exam will not stop when time runs out but the Time Remaining will become negative (to indicate amount of extra time taken). On the right side of the toolbar are the following tools: Copies selected text to the Windows clipboard. Pastes text from the Windows clipboard into the selected field. Opens the Windows Calculator. Opens spreadsheet application for doing spreadsheet calculations. Not available in current version of the Wiley CPA Examination Review product. Opens this help file. Splits the screen into a top and bottom section. The top section contains the tabs with information about the simulation. The bottom section contains the tabs with questions to be answered. To quit this simulation and go back to the initial selection screen, click this button. A message will pop up to confirm quitting this simulation. Click Yes to quit and return to the initial screen. Click No to stay on the current screen. Click Done to move on to the next simulation or the reports. A message will pop up asking for confirmation before moving on (you will not be able to come back to the simulation). Click Yes to save and continue. Click No to stay on the current screen.

SIMULATION QUESTIONS
There are many different types of questions presented in simulations. The initial tab or tabs contain information about the simulation which will be necessary for answer the questions contained on the rest of the tabs. The type of questions include the following: Yes/No or True/False type questions These questions contain a checkbox that can be either checked or not checked. This type question is graded and will appear as part of the final grade for the exam. Multiple choice questions Multiple choice questions can take various formats within the simulation questions. In some instances, a drop down list of possible answers will be presented and the correct answer should be chosen. Another multiple choice presentation includes a grid with select choices for letters defined in a table above questions. Click the box with the letter that answers the question. This type question is graded and will appear as part of the final grade for the exam. Short answer questions For this type question, a text box is displayed for entering the user answer. The answer may be a number determined by a calculation, a citation reference, or a single word. This type question is graded and will appear as part of the final grade for the exam.

Taking an Exam

Essay questions Essay questions are long text answers. This type question is not graded but the recommended answer is displayed along with the user answer in the reporting section. Form questions Form questions require the user to fill out government forms. To fill in the form, click in the area where an answer is required and type the value in. You can also navigate using the arrow keys on your keyboard. This type question is not graded but the recommended answer is displayed along with the user answer in the reporting section. Table questions Table questions require the user to enter data into an empty grid. This question type is used for journal entries or other grid type questions. Most questions of this type are graded and also have the recommended answer is displayed in a table in the reporting section.

Chapter 4 Studying for an Exam (Study mode)

Question Selection Screen
The Question Selection Screen is available only if the Study Mode has been selected in the Exam Selection Screen. This screen allows you to decide which modules and question types you will work with during your study session. Questions are selected from the Available Question window and loaded into the Selected Question window before you can begin the study session. The Question Selection (? Selection) button accesses a special feature that allows you to establish the question selection criteria for the study session.

AVAILABLE QUESTION WINDOW

This window displays the available modules and their associated question types based upon the section selected in the Exam Selection Screen. To view the associated question types, double click on a module name and the question types associated with that module appear. For example, if you select Internal Control from the Auditing and Attestation Section you will get subsections for Multiple-Choice and Simulations. Double clicking on one of these subsections will expand the available questions list. To select more than one question at a time, hold down the Control (Ctrl) key and click the mouse on the applicable questions or hold down the Shift key and click the mouse over a large block of questions.

BUTTONS

This button accesses a special feature of this program, the Automatic Question Selection Screen. This feature provides you with the tools to concentrate your study session on areas that need work. The Automatic Question Selection Screen is comprised of three sections: Question Quantity or Percentage by Type, Question Criteria, and Modules. These sections allow you to control the number of questions asked by type and in total, plus determine the criteria for question selection from the Available Question window. The Question Quantity or Percentage by Type section lists the two question types: Multiple-Choice and Simulation. You determine the number of questions or percentage of questions from each question type by entering the applicable number or using the arrow keys located next to the edit box to increase or decrease the number of questions to be asked. The Question Criteria section allows you to limit which questions may be selected for your study session through the use of available criteria limits. You may select from all questions, limit to those not yet seen, or limit by number of times seen. If you wish to review questions already answered, you can limit by the number of times answered correctly or incorrectly. You may enter the applicable number in any numeric edit box or use the arrow keys located to the right of the box to increase or decrease the number. Once OK is selected, the criteria entered in this screen is used to select questions from the Available Question window and place the questions in the Selected Question window. Once the selection process is complete, a message box appears indicating the number of questions that meet the criteria as set forth in the Automatic Question Selection Screen.

Once questions are selected in the Available Question window, you may use the Add Selected Questions button to load only the highlighted questions into the Selected Questions window.

The Add All Questions button selects all questions from every available module in the Available Question window. Depending on the amount of questions and your computers memory constraints, this may take approximately thirty seconds to select and load the information in the Selected Question window.

Studying for an Exam

11

To select a question for removal from the Selected Questions window, click on the entry with your mouse. To select more than one entry at one time, hold down the Control (Ctrl) key as you click on entries with your mouse. Then click on the Remove Selected Questions button.

This option will remove all questions from the Selected Questions window. Like Add All Questions, this may take approximately thirty seconds to remove all the questions.

This button begins the study session.

Study ModeMultiple-Choice Questions

The Multiple-Choice question screen is a basic question and answer screen. The question appears in the top half of the screen. The choices appear in the lower half of the screen. To mark a choice as an answer in either Study or Exam Mode, click in the circle to the left of the choice or on the text of your choice. In Study Mode, you may click anywhere on the screen to clear the Answer Explanation. Also while in Study Mode, you may request a hint by selecting the Hint button (lightbulb) or by accessing the hint through the View pull-down menu. Close the hint by clicking anywhere on the screen. You can get additional question-specific help by selecting TextLink from the View menu or by using the F3 keyboard shortcut. NOTE: For the purposes of grading in Study Mode, when you first select a particular choice, that answer is entered and saved as your official answer to that question. Even if you then change your answer, the first answer is what is kept. You may change your answer selection as many times as you want. Only your first answer is what will show on the Exam Reports.

MULTIPLE CHOICE STUDY MENU File Menu

Exam Selection This option will return you to the Exam Selection Screen, where you can either choose another section to study or choose Exam Mode to begin an exam simulation. Question Selection Choose this option to return to the Question Selection Screen, where you can then select another set of questions to study. This option is available only in Study Mode. Save As This option will allow you to rename the answer file and save it as a separate file. All previous study or exam sessions, including the most recent session, will be saved under both file names. Print Choose this option to print selected questions, your current test, answer explanations, hints, and text links. Exit Choose Exit to leave the Wiley CPA Exam. You will be prompted to confirm so you do not exit a session accidentally.

View Menu
Graphics Choosing this option will open a graphics screen with a graphic that pertains to the current question, if available.

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Studying for an Exam

Previous Question Choosing this option will move you back one question. This function is not available when you are on the first question. Next Question Choosing this option will move you forward one question. When you are on the last question and choose Next you will view a progress report. Reports Choose reports to view your grading history. Keep saving your work to the same file to get an overview of your progress. Results for the last seven sessions plus a combined report will be shown for either Exam Mode or Study Mode, whichever you are running. NOTE: If you go back to the exam from the report screen and then reenter the report screen, a new report will be generated. Pause If at any time you need to stop the timer, you may choose Pause to do so. This will disable question navigation and answering of questions until the timer is resumed. Also, the timer will stop until it is resumed. Calculator If you have the Windows Calculator installed, you may access it by choosing this option. Alternately, you may press F6 to load the calculator. Status Bar This option toggles to show the status bar or not. Display Explanations This option toggles whether the explanations will be viewed in the Multiple-Choice and Simulations. The following options will only be found on the View Menu in a Multiple-Choice Question. Hint Click on Hints to see additional information related to the particular question. Press [Esc] or click anywhere on the screen to close the hint. TextLink Click on Textlink to link to text specific material and graphics in the CPA Examination Review. The TextLink information provides you with complete coverage of the topics. Feedback Click on Feedback to see the explanations. The following options will only be on the View Menu in written communication requirement of a Simulation. Answer Click on the Answer link to view the question answer and compare your response. Explanation Click on the Explanation link while in Study Mode to view answer explanations. Exam Results Click on Exam Results to be taken directly to the Reports.

Bookmark Menu
Add Mark Choosing this option will bookmark the current question. You can add any notes to this question by entering them in the notes box located at the bottom of the screen and then bookmark the question by selecting this option or click the Bookmark button (book icon in lower left corner). Once bookmarked, the question will be added to a list of bookmarked questions located in the pull-down box located in the lower right-hand corner. To return to any of these bookmarked questions, select the appropriate question from the list or use the navigation buttons located in the top row of buttons.

Studying for an Exam Previous Marked Question Choosing this option will move you back to the previous bookmarked question. Next Marked Question Choosing this option will move you forward to the next bookmarked question.

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MULTIPLE CHOICE STUDY TOOLBAR

Under the menu at the top of the multiple choice screen in study mode is the toolbar. On the right side of the toolbar are the following tools: Opens this help file. Opens a new window containing the Text Link. The Text Link is information about the question that explains the question and provides study information. Pops up a quick hint to help the user determine the correct answer. If the user is navigating within the bookmarks, clicking here returns to the previous bookmarked question. (Button is disabled if no questions are bookmarked). Displays the previous question. Starts and stops the timer. Displays the next question. If the user is navigating within the bookmarks, clicking here loads the next bookmarked question. (Button is disabled if no questions are bookmarked). Displays the print screen to print current question or exam. Click Question Selection to go to the Question Selection screen to choose new questions. A message will pop up asking if you would like to save the Answer File. Click Yes to save and return to the Question Selection screen. Click No to return without saving. Clicking Cancel to stay on the current screen. Click Exam Selection to return to the Exam Selection screen. A message will pop up asking if you would like to save the Answer File. Click Yes to save and return to Exam Selection. Click No to return without saving. Clicking Cancel to stay on the current screen. Click Exit to quit the exam software. A message will pop up asking if you would like to save the Answer File. Click Yes to save and exit. Click No to exit without saving. Clicking Cancel to stay on the current screen.

Study ModeSimulation Questions

Simulations function basically the same in Study and Exam mode. The only difference is in Study mode, the answer for each question displays after typing or selecting an answer. Explanations for forms and essays are available by clicking the View Answer link on the toolbar for questions where available.

Chapter 5 Reporting
When you have finished an examination (in either Exam or Study mode), the reports screen will display. Many different types or reports are available to give the user feedback and help determine areas of strength and weakness. The reports which are available is determined by the questions presented in the exam. Some reports are specific to the multiple choice section of the exam and some are simulation specific. The simulation reports depend on the type of questions presented in the simulation(s) taken by the user. The View menu on the report screen will list all reports available for the exam taken.

Reporting Toolbar

Under the menu at the top of the reports screen is the toolbar. The toolbar contains the following items: Opens this help file. Choosing this will create a new Exam or Study session using only the multiple-choice questions that were answered incorrectly during the current session. After selecting, you will be asked to confirm that this is what you want to do. Select OK to create the new session or Cancel to return to the current session. WARNING: Once you select OK to create a new session, the current session will no longer be valid. Click this to print the current report shown on the screen. Click this button to return to the last question on the exam. Click Question Selection to go to the Question Selection screen to choose new questions. A message will pop up asking if you would like to save the Answer File. Click Yes to save and return to the Question Selection screen. Click No to return without saving. Clicking Cancel to stay on the current screen. Click Exam Selection to return to the Exam Selection screen. A message will pop up asking if you would like to save the Answer File. Click Yes to save and return to Exam Selection. Click No to return without saving. Clicking Cancel to stay on the current screen. Click Exit to quit the exam software. A message will pop up asking if you would like to save the Answer File. Click Yes to save and exit. Click No to exit without saving. Clicking Cancel to stay on the current screen.

Reports
EXAM RESULTS
The Exam Results report bases your grade on the total number of questions selected. Your percent correct is calculated by dividing the total problems on the exam (answered or not) with the number of questions correctly answered. The two types of questions, multiple-choice and simulations, are calculated separately. Simulation questions are graded depending on one of three format types. 1. 2. Questions that have text box response fields (e.g., the Evidence simulation) are graded automatically. Questions that have selection choices (i.e., check boxes, drop-down lists, and radio buttons) are graded automatically.

Reporting 3.

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Questions with essays, forms, tables without text boxes (e.g., the Bonds simulation) are selfgraded.

PROGRESS
The Exam Progress report bases your grade on the total number of questions you attempted to answer. Any multiple-choice question skipped over with no answer being selected is not included on this report. The simulations are based on the exact number of question in the exam. The progress of the simulations is the same result as the Exam Results report. Both the Exam Results and Exam Progress reports keep track of your last three study or exam sessions as long as the same answer file is used for all sessions.

RESULTS BY MODULE
The Results by Module report breaks down your current testing session by the individual modules in your current Study or Exam session.

INCORRECT QUESTIONS
The Incorrect Questions List report gives you a list of the questions that were answered incorrectly along with your answer to that question. Click on the Error Re-Test button to create a session containing only the questions that were answered incorrectly. Please note that the Incorrect Question Report does not include any simulation questions. WARNING: Choosing Error Re-Test will create a new session for either Study or Exam Mode. The current session will no longer be valid.

VIEW INCORRECT SELECTION ANSWERS

This report lists the incorrect selection simulation answers. Selection questions are those questions where the user clicks an answer (radio, checkbox, list selection) instead of typing an answer. This report is accessed via the View menu.

VIEW INCORRECT TEXT ANSWERS

This report lists the incorrect text simulation answers. Text questions are those questions where the user types an answer into a text field (including some forms and tables). This report is accessed via the View menu.

VIEW ESSAY ANSWER #

The View Essay Answer # report displays a window containing both users essay answer along with the recommended answer. There will be one Answer # for each essay question that the user answered. This report is accessed via the View menu.

Chapter 6 General Information

Keyboard Shortcuts
Many functions can be activated by using keyboard shortcuts. The following chart shows shortcuts for some frequently used functions. Note that you can move from question to question by clicking on the arrow icons at the top of the screen or by hitting the shortcut keys listed below, or by hitting Enter. Open the pull-down menus at the top of each screen for more keyboard shortcuts. Tip: To activate a shortcut, press the Control key and letter or key at the same time. For example, to move to the Next Question, press the Control and the Right arrow key simultaneously. Screen All question screens Function Previous Question Next Question Toggle between Test and Report Screen Add Mark Previous Bookmarked Question Next Bookmarked Question Pause Calculator Feedback Hint Text Link Exam Selection Question Selection Save As Exit Keyboard Shortcut Ctrl+P Ctrl+N Ctrl+R Ctrl+A Ctrl+F Ctrl+J Ctrl+L F6 Ctrl+F F2 F3 Ctrl+E Ctrl+Q (Study mode only) Ctrl+S Ctrl+X

Multiple-Choice Questions Study Mode All screens

Customer Support
Customers who wish to: order products; make inquiries concerning orders already placed; request title information, price, availability, or general bibliographic data; or establish a new account should contact our Customer Care Department at: Customer Care Center Consumer Accounts 10475 Crosspoint Blvd. Indianapolis, IN 46256 Phone: 877-762-2974 Fax: 800-597-3299 E-mail: [email protected]

Technical Support
For technical support about this product, call 1-800-762-2974 Monday Friday from 8 am to 5 pm EST, or visit http://wiley.custhelp.com

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